Analysts: Power bills could jump under renewable requirement

Posted on October 25, 2011

Household electricity bills could jump an average of $115 per year by 2025 if the U.S. adopts a White House-backed “clean energy standard” forcing power utilities to use more wind and solar, according to a new government analysis.

The Energy Information Administration’s report came at the request of Rep. Ralph Hall, R-Texas, the chairman of the House Science, Space and Technology Committee. It examined the economic effects of a clean energy standard under 18 different scenarios.